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With approximately eight weeks until Christmas, UK businesses should be reviewing overdue invoices and preparing for the festive slowdown. December often brings fewer trading days, customer closures and changes to payment processing schedules. Without proactive credit control, outstanding invoices can create unnecessary cash flow pressure heading into the New Year. Here are five practical ways […]
This month marks 23 years since CMG UK began, growing from a one person business in a back bedroom into an established provider of credit management services, consultancy and training across the UK. Our journey has been built on determination, industry experience and long standing client relationships. Where It All Began After working as Credit […]
Offering credit helps businesses win customers, but are you overlooking what it costs? For many B2B businesses, payment terms are commercially necessary. However, every unpaid invoice ties up working capital, creates administration costs and exposes your business to financial risk. The real cost of offering credit goes beyond the value of an outstanding invoice. 5 […]
Managing overdue invoices is essential for maintaining healthy cash flow, but employing a dedicated credit controller is not always practical or affordable. Outsourced credit control allows businesses to manage customer payments without hiring additional staff, providing access to experienced professionals while reducing the demands on internal teams. At Credit Management Group (CMG UK), our outsourced […]
Effective Business Credit Management Function Effective credit management is essential for maintaining healthy cash flow, reducing bad debt, and supporting long term business growth. Businesses that implement robust credit control processes are better positioned to minimise payment delays, improve customer relationships, and protect profitability. This guide explores practical ways to strengthen your business credit management […]
When a client hires a candidate without informing the recruitment agency, recovering the recruitment fee can become a commercial challenge. Our Recruitment: Get Paid for Back Door Hiring course gives recruitment and credit control professionals practical training on the contractual processes, records and considerations that can become important when a fee is challenged. What does […]
Practical Small Claims Court Training for Businesses If an unpaid invoice ends up in court, would you know what to do if the claim was defended? Making a County Court claim is only one part of recovering a business debt. You may also need to understand pre-action requirements, prepare evidence, respond to a defence, attend […]
Order to Cash Training: Improve Your Process and Get Paid Faster Want to reduce payment delays, improve cash flow and strengthen the way your business manages customers from order to payment? Credit Management Group’s Order to Cash Process course helps business owners, managers, supervisors and employees understand how to identify and improve weaknesses throughout the […]
Getting the work is important. Making sure you get paid is just as important. For suppliers and subcontractors working in the construction industry, getting paid can involve much more than completing the work and raising an invoice. Understanding your contractual obligations, Applications for Payment, payment notices, retention and the options available when payment is not […]
Commercial awareness can make the difference between preventing a payment problem and trying to resolve one after it has already affected your cash flow. If your team accepts orders, onboards customers, deals with disputes or collects B2B debt, understanding the commercial implications of those decisions can help your business reduce risk and improve its position […]